Here’s what South Africa’s best fuel reward programmes offer as petrol hits record highs
Petrol prices are at an all-time high in South Africa, following the latest hikes for June.
Record prices were driven by the conflict in Ukraine – and resulting sanctions against Russia, supply-chain bottlenecks, and a tightening of global monetary policy. “The increases are significant and will hurt all consumers and they will undoubtedly exert inflationary pressure on the economy,” said the Automobile Association.
Debt Rescue chief executive Neil Roets said that the latest hike takes increases in the petrol price over the past 12 months to 41.5% – and all indications are that prices will continue to rise in the coming months.
“This is also the highest month-on-month increase ever recorded – a whopping 11% increase from May 2022 to June 2022,” he said.
This is how the price changes will reflect at the pumps:
| Inland | May official | June Official |
|---|---|---|
| 95 Petrol | R21.84 | R24.17 |
| 93 Petrol | R21.51 | R23.94 |
| 0.05% diesel (wholesale) | R21.99 | R23.09 |
| 0.005% diesel (wholesale) | R22.16 | R23.23 |
| Illuminating Paraffin | R16.64 | R18.20 |
| Coastal | May official | June Official |
|---|---|---|
| 95 Petrol | R21.09 | R23.52 |
| 93 Petrol | R20.86 | R23.29 |
| 0.05% diesel (wholesale) | R21.34 | R22.44 |
| 0.005% diesel (wholesale) | R21.52 | R22.59 |
| Illuminating Paraffin | R15.85 | R17.49 |
With projections that prices are likely to continue to rise, loyalty and reward programs offer consumers some respite at petrol stations across the country.
According to Melissa Hanley, head of marketing at Pick n Pay, the global pandemic saw more consumers turn to loyalty programmes, with nearly 75% of consumers using loyalty programmes in 2021. And in recent months, several big brands have launched reward programmes of their own.
Chemicals company Sasol recently launched a new customer rewards programme offering savings on fuel purchases and other benefits, while Capitec also came to the party in 2021, partnering with Shell service stations.
Sanlam is the most recent entrant to offer fuel rewards through its Money Saver credit card. It has partnered with Total Energies to give customers a guaranteed R1 per litre back.
BusinessTech looked at some of the offerings by financial services companies and retailers partnering with service stations across the country:
| Bank | Service Station | Reward | Additional information |
|---|---|---|---|
| Sasol Rewards | Sasol | 30 points for every 1 litre of fuel | Redeemed against fuel and in-store purchases at Sasol Retail Convenience Centres |
| Pick’nPay Smart Shopper | BP | 10 points for every 1 litre of fuel | Points can be used to pay for a portion or all of a fuel purchases |
| Capitec Live Better Benefits | Shell | 20 cents per litre cash bank on fuel | Cashback (0.5%) on selected items in-store if swiped using a Shell V+ card and paid with a Capitec banking card |
| FNB eBucks | Engen | 60 cents per litre of fuel back in eBucks | Up to R4 per litre back in eBucks for fuel spent at Engen. And, eBucks can be spent on in-store purchases |
| Discovery Vitality Drive | BP or Shell | 1 Vitality Drive point earned enables R1 cashback on fuel | Can get up to R800 fuel cashback every month |
| Nedbank Greenbacks | BP | 25 cents cash back for every litre of fuel | Entered into a competition to win a year’s worth of fuel valued at R20,000 if fill up with 40 litres or more of fuel at BP every month |
| Standard Bank uCount | Caltex | Between 20 cents and R5 back in rewards points per litre of fuel and oil purchased | Reward points are only earned through the purchase of fuel or oil at Caltex – based on a person’s tier level |
| Absa Rewards | Sasol | Up to 30% real cashback, depending on the rewards tier | Cash rewards are only earned on the first R3,000 spent at Sasol |
| Dis-chem Rewards | Total | 10 Dis-chem Benefit rewards for each litre of fuel purchased | Reward points can be redeemed in-store against any purchase |
| Shell V+ Rewards | Shell | 15 cents per litre of fuel | Cashback (0.5%) on selected items in-store if swiped using a Shell V+ card |
| Clicks ClubCard | Engen | 1 ClubCard point per 1 litre of fuel purchased | Each point amounts to 10 cents and can be redeemed in-store |
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